PlayBOX to Distribute Media Entertainment to Mobile Phones
June 02 2008 - 11:39AM
Marketwired
LONDON, UNITED KINGDOM Inc. ("PlayBOX") (OTCBB: PYBX) today
announced its plans to exploit the latest platform for media
distribution: mobile phones.
"Mobile phones are the newest frontier for distributing digital
media entertainment," said Robert Burden, CEO of PlayBOX. "We fully
intend to establish a global mobile music platform to complement
other distribution channels such as traditional retail stores and
online downloads and sales."
PlayBOX is currently in the final stages of acquiring a company
that already has a global license agreement with a digital mobile
content provider in place. The company, Delta Leisure Group Plc
("Delta") (www.deltamusic.co.uk), has a long-term license with
mobile content provider X5 (www.X5music.com) for the global
distribution of its music copyrights to mobile phones. The license
is valued in excess of US$1m for the first year alone. PlayBOX and
Delta have already signed a Share Purchase Agreement for PlayBOX to
purchase 100% of Delta, and the two companies are in the final
stages of executing the terms of that Agreement.
PlayBOX's future acquisition targets also have mobile
distribution and mobile client bases in place. As PlayBOX acquires
more complementary businesses, its mobile distribution will grow
accordingly, placing it at the forefront of this emerging trend in
media distribution.
About PlayBOX
PlayBOX is a media entertainment technology company that offers
a wide variety of distribution channels for new music artists. The
company targets emerging artists and small-to-medium sized record
labels that lack the knowledge or resources to setup and manage
their own online shop and distribution channels. PlayBOX offers
them pooled services such as hosting, streaming, e-commerce, and
digital rights management, and an overall cost-effective and
professional platform from which to sell and promote their music.
To better serve them, PlayBOX is aggressively growing its
traditional (retail) and non-traditional (digital, online and
mobile) distribution channels so artists can reach their waiting
public even more quickly and easily. Through a series of strategic
mergers and acquisitions, PlayBOX will become a world leader in the
distribution and marketing of global entertainment media. Further,
it aims to expand its distribution business to the exciting new
platform of delivering content to mobile phones throughout the
world.
FORWARD-LOOKING STATEMENTS:
Statements about PlayBOX's and Delta's future expectations,
including the completion of the acquisition of Delta by PlayBOX,
future revenues and earnings, and all other statements in this
press release other than historical facts are "forward-looking
statements" within the meaning of section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
the term is defined in the Private Litigation Reform Act of 1995.
PlayBOX's and Delta's actual results could differ materially from
expected results. Neither PlayBOX or Delta undertakes any
obligation to update forward-looking statements to reflect
subsequently occurring events or circumstances. Should events occur
which materially affect any comments made within this objective;
PlayBOX and Delta will appropriately inform the public.
Contacts: PlayBOX (US) Inc. Harry Maloney +44 (0) 7717201313
Email: investor@play-box.com Website: www.play-box.com
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